ITC may move to Rs 365-370: Krish Subramanium

Krish Subramanium of Asit C Mehta Investment Intermediattes told CNBC-TV18, "At the current juncture, looking at the rise already that we have seen probably it is not a fresh call but among the fast-moving consumer goods (FMCG) pack I think ITC could be a bet probably closer to levels of Rs 350 and that is a safer bet. We could expect some short covering to emerge, probably take up the stock to may be levels of Rs 365-370."

At 13:28 hrs ITC was quoting at Rs 357.50, up Rs 0.80, or 0.22 percent on the BSE.

Disclosure: Analyst has recommended the above strategies to his clients at large; personally he doesn't have holdings in it.